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economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people working two years with their kidss 60,000 but that is on a lot in california just with cost-of-living does not always work is great to raise minimum-wage there is too many variables that point to a clear path but ideally you do not want that of all wages and the recession you want to increase unemployment and you want those of benefits to drive wages down and the value could save that with unemployment benefits but they could never do that to adjust the problem with having a supply of that now is you want peopl
economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people...
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basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full employment, so much excess capacity, no one rushes out to invest because the local government laid off school teachers or federal government laid off air traffic controllers. doesn't make any sense. we need the demand in the economy. we're just not getting it. liz: what should we be doing? we've done what one side wanted to do, that is cut back on government jobs. we've done what the democrats wanted to do, the president got a stimulus passed. president bush went through with the tarp and bailed out the auto industry. yet we're not seeing the job growth or unemployment rate at levels we need to see it at.
basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full...
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economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: the jobs market seems to be going in the right direction of that will it allow jobless benefits anyway? we have christopher dodd and jaundice and do you feel based on today's numbers it was a key jobs report that first of all, to start with men of wage? raised the minimum wage? >> no reason why people who work full time should not be able to afford to live. read a living wage where people could feel proud of what they do of what ever it is said the jobs created our service level jobs. a lot of people who have been through world war i of the unionized workers are of manufacturing paint is working in the service sector. then now these people go to work but now the government has to subsidize. stay back here is the
economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: the jobs market seems to be going in the right direction of that will it allow jobless benefits anyway? we have christopher dodd and jaundice and do you feel based on today's numbers it was a key jobs report that...
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economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market was so happy, it wasn't quite good enough to make it a sure thing there would be a taper in the next meeting but again it indicates a strength that may keep that purchasing power going on the part of the consumer, right? >> well, 200,000 jobs, it's dead on the three-month average, david. it's just above the 12-month average. if you look at the three-year average, that is 190,000. so we're right in there. continued moderate growth. that's good but the fed is looking for more than just payroll growth. they want to see inflation stabliz
economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market...
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it is credible that the economy is doing better. in that case you are noto worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we kne what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests instors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fedulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end up both in the markets and economy? >> firs
it is credible that the economy is doing better. in that case you are noto worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we kne what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests instors are prepared to take their medicine, let...
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economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic data don't have a string, one or two data points at best. today's data there's a caveat for each of those points, and because of the thanksgiving holiday associated with that. we are far away from actual tapering, december and january, the problem in january a transition period. and it is where it goes. >> march bite be a little early. they want to telegraph any move, the biggest fool is forward guidance. so you see them talk about capering and talk about capering more and more before they do it so i would expect them to have three or four different fomc minutes, increased likelihood of
economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic...
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it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth for who is really poo and who is not poor. but you could go beyond food stamps, now you are close to one out of three americs getting assistance. and it makes my head spin. because the direction is that we need to relax the standards or the economy will start to have no choice but to expand this program to the degree we have. it is unaffordable. it is untenable, is not? >> food staps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the impr
it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth...
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i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our industry was up significantly, over the horrific years of 9 and 10, we're nowhere near close where we should be. there is a lot of pent-up demand that is still growing and there is a lot of room to grow and many, many buyers have not gotten in. so i'm not worried about a small tick in rates. i think we'll be fine. david: it is great so many people buying are doing a lot with cash. you say 30 to 35% cash. i've heard in areas of florida people are like, 50% cash in a lot of those areas of florida but is there a concern there? that is, are banks holding back
i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses she loves a lot of it's what you love about her. but your erectile dysfunion - that cld be a question of blood fl. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed taet approved to treat ed and symptoms obph, like needing to go frequely or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in bloopressure. do not drink alcohol in excess with cialis. side effects may include
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses she loves a lot of it's what you love about her. but your erectile dysfunion - that cld be a question...
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economy. jobless claims below 300,000, what is this, new strength in america? >> we're going to have to go, the fed said over and over again we're going to need to see three or four months of good economic figures. let me make it as simple as possible. the battle, the war next year, the wages fought on this floor and wall street is between two calms. those that think that qe is responsible for the rise in equity prices and those that think the economy is improving and justifies the rise in equity prices. they're going to battle it out in 2014 and the fed is stuck in the middle. we've got an exciting year ahead of us. stuart: in five seconds, whose side are you on? >> i'm on the side, the qe way outpaced the economy. main street has been left out. stuart: thank you very much, scott shellady. check the big board, here we go, off and running and strong news on the economy and the market has opened lower, pointing to a loss of 30, maybe 40 points when we're fully off and running. now, this, it's t
economy. jobless claims below 300,000, what is this, new strength in america? >> we're going to have to go, the fed said over and over again we're going to need to see three or four months of good economic figures. let me make it as simple as possible. the battle, the war next year, the wages fought on this floor and wall street is between two calms. those that think that qe is responsible for the rise in equity prices and those that think the economy is improving and justifies the rise...
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>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >>ne person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of goceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a reqrements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what thy are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three americans getting assistance. and it makes
>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >>ne person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of...
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all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change. >> i think that the preponderance of evidence is that income is at the top half versus everyone else over the last two decades. whether that's a problem or not, it is completely unclear when you actually read all of the research that is done on it. and the other point i would make is that within the bottom 80%, the vast majority of the american population, income inequality has grown since the 1980s and in a lot of ways, that is the part that maybe we would be worried about. >> let's talk about one thing that has changed. after the 50s and 60s, when we ha
all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change....
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the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money? particularly in terms of the fixed income fund. >> we have seen some money go out, particularly relative to stocks, what is interesting as we are still getting money in the money market fund. our taxable money market fund, a whopping 0.01%, the fund is there the all-time highs meeting people are still scared. >> we're still growing, we are seeing big inflows into the floating rate funds, we are committed to sticking out the cycles, so we're not having a problem with flows that the others are. dagen: i wanted to bring up so
the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money?...
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market but probably as the economy froze. >> and, there you go. maybe it is overseas and look who they're competing with overseas. this industry might finally be right-sized. delta, united, now american having consummated mergers that make them what looks like pretty solid. take a look at the stock, not only of those guys but look at the stock today of the new american. ticker symbol aal. no more amr. today that closed up about 3% last i saw. i think that's what it was. that is not a bad day for a first day out of bankruptcy for a new company. at o'hare a lot of people waiting. glad it is not me today. cheryl: now the fun part begins. that is integration and doug parker saying they certainly learned from the mistakes that united and continental made. jeff, you had a front row seat yourself. >> and themselves. david: and overseas. great interview, it was terrific. regulations over there are so much more onerous in many way that is than regulations here. it's a tough deal for airlines. cheryl: funny he said international. david: they will need to go
market but probably as the economy froze. >> and, there you go. maybe it is overseas and look who they're competing with overseas. this industry might finally be right-sized. delta, united, now american having consummated mergers that make them what looks like pretty solid. take a look at the stock, not only of those guys but look at the stock today of the new american. ticker symbol aal. no more amr. today that closed up about 3% last i saw. i think that's what it was. that is not a bad...
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>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s. and global economy that does somewhat bett
>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you...
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>> i -- look the economy and i call it blah, i think that retail numbers are okay. nothing spectacular, you see a 3% drop, in retail, that is not a very good number -- rock, by baby ♪ neil: time for our night cap. things you are looking for tomorrow, maybe you already planning for. >> i think that market due for a correct, but one thing i'm watching are financial stocks they are terrific, a lot of breaking to new highs, if there is anything i see, it is financial are acting well do not expect big corcts or bear markets. >> why do you say financials do well, things will be okay? >> throughout history, stock market has been led up and down by financials in '07 they started breaking down before the market in '08, and they let market down they are good on upside and sound side. >> i will issue watching cyber monday sales numbers tomorrow, whether it for on-line or even brick or morer to retailer 4 of annual sales from month of november and december, tomorrow will be a big day, off today's number, they are expecting an crease about 18%, and like your guest said this ha
>> i -- look the economy and i call it blah, i think that retail numbers are okay. nothing spectacular, you see a 3% drop, in retail, that is not a very good number -- rock, by baby ♪ neil: time for our night cap. things you are looking for tomorrow, maybe you already planning for. >> i think that market due for a correct, but one thing i'm watching are financial stocks they are terrific, a lot of breaking to new highs, if there is anything i see, it is financial are acting well...
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adam: is a good economy are good news for the economy good news for the market? why he thinks the taper will be harmless for stocks. cheryl: congress getting in the way of business? uncertainty in washington driving companies to look overseas. that story coming up as "markets now" continues. adam: markets are rallingly on better than expected news out of jobs report. we want to head back to the floor of the new york stock exchange and nicole petallides. the dow is up what, more than 150 points at this point? >> right now 173 points to the upside. 15,994 at highest point. we did cross the 16,000 mark. we are seeing gains. saw better than expected jobs numbers for the month. so that was some good news. and we've got plenty of names hitting all-time highs like google and yep motors. i want to take you to take a look at boston scientific, a name with an up arrow up 4 1/2%. they had their ratings raised to outperform from market perform. that is some good news there over at cowan. the fact that they're working with spinal cord simulator. working with them as well. tha
adam: is a good economy are good news for the economy good news for the market? why he thinks the taper will be harmless for stocks. cheryl: congress getting in the way of business? uncertainty in washington driving companies to look overseas. that story coming up as "markets now" continues. adam: markets are rallingly on better than expected news out of jobs report. we want to head back to the floor of the new york stock exchange and nicole petallides. the dow is up what, more than...
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this is the better reserve snapshot of business conditions and the report indicate the and the economy and manufacturing continued to expand at a, quote, modest to moderate pace. the most upbeat news, manufacturers whose managers say she expanding and russian positive about the near-term future helps stem earlier losses in the market which ironically also cash in after good news from a private employment report, the automatic data processing report in. this is what it showed on your screen. private sector hiring in november, and and 215,000 jobs versus the expected 178,000 green, costing investors to fear the events of the fed's keeper coming sooner rather than later. you can see this picture, for direction the dow jones industrials have crossed the unchanged level 34 times. when you see we are down 59 points off of earlier lows still not anywhere near where we started the day and we want to talk about the s&p 500. the index is down for a fourth recession, losing five points. let's look at what is the. ticker symbol cf soaring after the fertilizer company says it expected to give signi
this is the better reserve snapshot of business conditions and the report indicate the and the economy and manufacturing continued to expand at a, quote, modest to moderate pace. the most upbeat news, manufacturers whose managers say she expanding and russian positive about the near-term future helps stem earlier losses in the market which ironically also cash in after good news from a private employment report, the automatic data processing report in. this is what it showed on your screen....
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jen rogers joins us to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i t 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me th unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital o. chse 2% cash back or double miles on every purchas every d. what's in your wallet? i need your timesheets, larry! lou: our first guest is here to serve at least partly as a tutor for you will end me. he says that obamacare is the biggest middle-class entitlement ever conceived and he says beyond the flawed website, we need to stay focused on the fact that health care law spe
jen rogers joins us to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from...
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there is a structural change going on in our economy as we speak. joining me now to break it down, former chief economic adviser to president george w. bush and a hoover senior fellow. welcome to the show. you know, every time i see something new you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. i think that jobs have disappeared and are going to continue to disappear, and they are not coming back. am i wrong? >> you are not wrong. that is a correct observation, but it is n observation that is not unique to this particular time frame. you mentioned structural change, and there has been a structural change, and structural change has been occurring for a long time. if you go back to the 1950's, we have about 35 percent of our workforce is unionized, and manufacturing for the most part. and then if you look at the numbers, say in 2007 the number that just precedes a recession, we had about the same number of people, 14 million in manufacturing in the 50's, 14 million in manufacturing in 2007. but we were p
there is a structural change going on in our economy as we speak. joining me now to break it down, former chief economic adviser to president george w. bush and a hoover senior fellow. welcome to the show. you know, every time i see something new you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. i think that jobs have disappeared and are going to continue to disappear, and they are not coming back. am i wrong? >> you are not wrong. that is a...
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liz: the rate of growth in the services sector of the economy slowed. saying nonmanufacturing index slipped. david: sales of single-family homes surged the most in more than three decades in october. commerce department reported sales soaring to a seasonally adjusted annual rate of 444,000 units. liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the company recalling 1400 robotic surgery systems because of concerns the devices could stall and that was bad news for the stock. "after the bell" starts right now. liz: i could say this was massive action but if you're just tuning in and look these numbers are not that great, we were way lower but also way higher. let's break down the market action. portfolio manager who doesn't expect to taper anytime soon despite the strong adp report. what it means for your investment and todd horvitz. what interesting market behavior today, as we went into the 3:00 p.m. eastern show
liz: the rate of growth in the services sector of the economy slowed. saying nonmanufacturing index slipped. david: sales of single-family homes surged the most in more than three decades in october. commerce department reported sales soaring to a seasonally adjusted annual rate of 444,000 units. liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the...
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but are you optimistic through 2014 about the economy? times that sure, it will get better and there is a unicorn on every street corner. and the illusion will continue. lookout. there's a lot of naysayers out there. finally, talk about a world of broken promises. with obamacare we found you cannot keep your insurance plan. as we learned tonight, you cannot keep your doctor either, not unless you're willing to pay more money to do so. you know, sometimes it seems like this administration has a lot in common with marketers who are taking it all back in the fine print, like the banks that promise you a return on your bank account until the rates move. government under this president was supposed to do more nd be better. so far, it is just more expenses and that is the fine print. it is something that we will be covering all week because we care about the fine print. hope and change? know, more of the same. higher tax bills, less accountability and that is my "two cents more". coming up tomorrow, our users guide to taxes continues with a tax
but are you optimistic through 2014 about the economy? times that sure, it will get better and there is a unicorn on every street corner. and the illusion will continue. lookout. there's a lot of naysayers out there. finally, talk about a world of broken promises. with obamacare we found you cannot keep your insurance plan. as we learned tonight, you cannot keep your doctor either, not unless you're willing to pay more money to do so. you know, sometimes it seems like this administration has a...
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one of the areas where obama has really hurt the economy is with small businesses. his investment tax increase really hurts small business. it went from 35% to 43% on passive income. this really is an usual. during expansions you typically see new business startups accelerate. this is the only recovery i've seen back to the 1930s where new business startups have flat lined. when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and a
one of the areas where obama has really hurt the economy is with small businesses. his investment tax increase really hurts small business. it went from 35% to 43% on passive income. this really is an usual. during expansions you typically see new business startups accelerate. this is the only recovery i've seen back to the 1930s where new business startups have flat lined. when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be...
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the labor department saying the economy created 203,000 jobs last month. that is well ahead of wall street forecast. david: there were upbeat news on consumer confidence today. the
the labor department saying the economy created 203,000 jobs last month. that is well ahead of wall street forecast. david: there were upbeat news on consumer confidence today. the
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and the economy would not either for that matter. but on the other hand, earnings growth has been strong since the bottom of 2009. the stock markets are up, earnings are up more than 150%. so i think that earnings are the main reason that the stock market is up. but that has been a help. and i think that they are anxious, as you have pointed out, virtually all of the governors to get those tapering process started so we can move on. but i think that they will only do it if we have respectable news on the fundamental side. so i think that i can kind of when both sides, if you will. gerri: for americans, the real concerns about the economy and jobs and we know that the labor participation rate has been under 64% for 23 months, a lot of people still looking and not finding the jobs that they really want. we can't couple of good data points. and when you look at growth, we had one good gdp report. that is not a trend, that's just one good report. a lot of the americans are questioning how strong this economy is and isn't going to put foo
and the economy would not either for that matter. but on the other hand, earnings growth has been strong since the bottom of 2009. the stock markets are up, earnings are up more than 150%. so i think that earnings are the main reason that the stock market is up. but that has been a help. and i think that they are anxious, as you have pointed out, virtually all of the governors to get those tapering process started so we can move on. but i think that they will only do it if we have respectable...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and coider carefully before investing. lou: harry reid giving advice to the republicans, telling the las vegas sun that if they ever want to see a gop president again, they must sign on to immigration reform. good news for amnesty advocate. speaker boehner hiring a high-profile adviser that is well known for helping senator john mccain passed amnesty and speaker boehner telling several business individuals that he will start holding immigration votes after the deadline for the 2014 midterm. so maybe we have a sense of what we can expect. you don't have to tell the chamber of commerce that the speaker is working to enact immigration reform. donohue issued everyone that speaker boehner would do exactly that. we will find out. we are back with monica, matt, and dav
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and coider carefully before investing. lou: harry reid giving advice to the republicans, telling the las vegas sun that if they ever want to see a gop president again, they must sign on to immigration...
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command economies do not produce widespread prosperity. they do not produce fairness, it is the politically connected to win by command. but most importantly, it's unamerican. i know that sounds very strange coming from someone with a voice like this, but i think that america is based on the free choice of individuals. i don't think americans take kindly to being told what to do. commanding wage rates. commanding the i impoverishment the middle class. get off my back. don't tread on me. ♪ mm. mm-h. [ enne revs ] ♪ [ male announcer ] oh what fun it is to ride. get the rcedes-benz your wish list at the winter event going on now -- but hurry, thoffers end december 31st [ sant] ho, ho, ho! [ male announr ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. >> monday morning, and we are still reeling from the latest obamacare headlines. deductibles skyrocket. medicaid will break the bank. well, doug schoen is here on that and he's a centrist democrats and how they'll respond to the obamacare shocks for millions of vote
command economies do not produce widespread prosperity. they do not produce fairness, it is the politically connected to win by command. but most importantly, it's unamerican. i know that sounds very strange coming from someone with a voice like this, but i think that america is based on the free choice of individuals. i don't think americans take kindly to being told what to do. commanding wage rates. commanding the i impoverishment the middle class. get off my back. don't tread on me. ♪ mm....
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the economy's picking up. you can actually handle these cots to some extent without leading to layoffs. at this point, it would do -- let's say oil prices when they went from $40 a barrel to $150 before the recession. prices go up ultimately. walmart doesn't make enough profits to give everybody a $6 raise across the hour. there's not enough profits there. they're going to pass on the cost. so ultimately this is all going to be paid for by the consumer. the margin won't even change that much at a walmart. you're going to see mcdonald's get rid of the dollar menu is what's going to happen. is that a better scenario? it might be. that urconsumers have to pay mo and buy less. but that's what the result is going to be. >> tracy. >> if you go through the payroll cost increases, howo you offset it, if you're not selling more burgerings. i don't ca that the economy's turning around, people are still struggling. if you don't bring in more revenue, you offset the payroll cost. people who own the place are going to hire
the economy's picking up. you can actually handle these cots to some extent without leading to layoffs. at this point, it would do -- let's say oil prices when they went from $40 a barrel to $150 before the recession. prices go up ultimately. walmart doesn't make enough profits to give everybody a $6 raise across the hour. there's not enough profits there. they're going to pass on the cost. so ultimately this is all going to be paid for by the consumer. the margin won't even change that much at...
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we are talking about an economy that is not good. >> they are making the money worth it. printing money all over the world. and they are printing a staggering amount of money in the money wil be worth worth less and less on sunday when it ends, we will all suffer very badly. everybody watching this show should be very worried and prepared. lou: i am anxious because i have been listening to jim and i know that we will be looking ion us. and the only way for me to be prepared is to make a lot of money. right now before all heckme eaks loose. >> i don't know, that's why watch lou dobbs. [laughter] >> i buy the things that haven't gone up so much, agriculture, russia of all things, i've even been thinking about buying poland. [laughter] lou: alumni, that's great. >> i was in russia for 46 years. lou: these guys are acting like a bunch of communists. now they are acting like a bunch of communists. >> so what are you talking about? they have been administering those islands for 40 years and we have this, the chinese, and the koreans. >> the really think that they should act lik
we are talking about an economy that is not good. >> they are making the money worth it. printing money all over the world. and they are printing a staggering amount of money in the money wil be worth worth less and less on sunday when it ends, we will all suffer very badly. everybody watching this show should be very worried and prepared. lou: i am anxious because i have been listening to jim and i know that we will be looking ion us. and the only way for me to be prepared is to make a...
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and i think it's a little bit part of the economy. the good news is that the layoffs are down from last year. and we will see that trend continues into the holiday season. >> your point about jobs is a good one. especially with gdp, a total output of the u.s. economy. and so here's the thing, we all have to look good for that. the number is going to be good. yes, the economy, like the jobs report, is like that as well. >> you mention the spending numbers. we hear how people have been lowering retail sales so far, i don't know how it's going to end up. including whether the consumer is limping along and early making ends meet. what do you think? >> i think that the higher and is doing very well and we see a lot of those higher and companies do just fine. the middle and is doing a little less than the lower and is doing even less. and i think the best speaks to this,. >> is the consumer out of it are coming back? >> consumers are stable. again, i think there's a lot of moving parts here and what scott said is part of this. amazon, ebay,
and i think it's a little bit part of the economy. the good news is that the layoffs are down from last year. and we will see that trend continues into the holiday season. >> your point about jobs is a good one. especially with gdp, a total output of the u.s. economy. and so here's the thing, we all have to look good for that. the number is going to be good. yes, the economy, like the jobs report, is like that as well. >> you mention the spending numbers. we hear how people have...
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monica: fundamental transformation of the economy. charles: it is what they hate moormore and the hate nothing me than fossil fuel. monica: and capitalism. stuart: wasn't that the name of your book? monica: "what the [bleep] just happened." charles: a lot of birds are going to be saying that. stuart: scott sheller said we would get a pullback. not midday yet, not a pullback yet. we had a split among democrats. you're used to hearing about it, we got that, now the democrats and taxes at the heart of the split. $1.5 trillion in new taxes. some colleagues say that is political suicide. the "wall street journal" weighs in next. so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. stuart: dallas and 127.
monica: fundamental transformation of the economy. charles: it is what they hate moormore and the hate nothing me than fossil fuel. monica: and capitalism. stuart: wasn't that the name of your book? monica: "what the [bleep] just happened." charles: a lot of birds are going to be saying that. stuart: scott sheller said we would get a pullback. not midday yet, not a pullback yet. we had a split among democrats. you're used to hearing about it, we got that, now the democrats and taxes...
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you have the global economy angle there. you have the rich people there and you also have the american angle there. tiffany's is one of these brands a representative of america and the diamond engagement ring, i got to tell you, it is catching on in parts of the world, like particularly in asia, i think japanese brides as percentage, get more diamond engagement rings than americans. sales in asia-pacific, mostly china, up 22%. japan 9%. even europe up 4%. america up 5%. same-store sales for the week is only 1%. tracy: not america story. it is global story. >> a global story about america. people still want our -- we're dumping on ourselves. the world really admires america a lot more than we admire america. tiffany's is one of those symbols. harley is one of the symbols. we have a lot of them out there. coca-cola is one of those symbols. people out there really, do love us so. ashley: even at this price you would jump in? >> goldman sachs says great at this price. ashley: who are we to argue? >> want to talk about a global c
you have the global economy angle there. you have the rich people there and you also have the american angle there. tiffany's is one of these brands a representative of america and the diamond engagement ring, i got to tell you, it is catching on in parts of the world, like particularly in asia, i think japanese brides as percentage, get more diamond engagement rings than americans. sales in asia-pacific, mostly china, up 22%. japan 9%. even europe up 4%. america up 5%. same-store sales for the...
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with them all the things you get in a free economy. i hope it happens. connell: we think about iran and other things. what about if you up relations with cuba, even shaking hands. if he were to go further as you suggest he might or should, that is a risky political move, isn't it? >> i see the point of those who criticized us, they say let's not shake hands with an evil regime, but my view has always been that when you demonize some of these second-rate dictatorships around the world, what you are doing, you are elevating them in the eyes of their own people. we are fighting the big bad united statess the better way to deal with these countries is to say we will talk to you, you are no threat to us to begin with three will talk about joining the globalq]eñ economy. you might as well join up with us. connell: is that just a little ahead of us ladies diplomate things work? >> maybe that is the way to do it, have somebody talk to the president of cuba and say we will not do a one-on-one. we don't fear you, we want to bring you into the f
with them all the things you get in a free economy. i hope it happens. connell: we think about iran and other things. what about if you up relations with cuba, even shaking hands. if he were to go further as you suggest he might or should, that is a risky political move, isn't it? >> i see the point of those who criticized us, they say let's not shake hands with an evil regime, but my view has always been that when you demonize some of these second-rate dictatorships around the world,...
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and stifling the economy. you know how i feel about this administration. they have done more to slow things down and want to kill the jobs in any administration that i could think of in my lifetime. neil: you are one of the early ones that were saying that there is an iceberg ahead. but the group on the titanic wasn't listening. thank you, good seeing you again. >> you'd think with all of these small banks, that would be as bad as things could get. but it is a lot more. hi mark health insurance agency, a tearful, needing some saving. where do you stand on its? and we try to resurrect this and is it working? >> i cannot say whether it's working or not. we are not paying attention to that. but what we are trying to do is get people enrolled. what i can tell you is that enrollment is sluggish and it's underwhelming and after two months, as of the end of november, we have had about 7500 enrollments. >> total since this whole thinking to be? >> yes, that's right. >> it picked up here in the last few days. we will s
and stifling the economy. you know how i feel about this administration. they have done more to slow things down and want to kill the jobs in any administration that i could think of in my lifetime. neil: you are one of the early ones that were saying that there is an iceberg ahead. but the group on the titanic wasn't listening. thank you, good seeing you again. >> you'd think with all of these small banks, that would be as bad as things could get. but it is a lot more. hi mark health...
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the market economy. stuart: very typical. you want into your talking points in you have a loud voice, very insistent voice and won't stop. if i interrupt you i am. . >> i am the guests. stuart: i am root of i stop you from giving talking points to our viewers. we don't accept that. we don't accept pre-arranged talking points. we ask questions and ask our guests to answer them. you won't answer question no. one. >> i am answering about the vantage of the exchanges and what is interesting is republicans keep saying we want free market, we bring you free market through the exchange and you find every reason to object to it. stuart: why do you say the policies which i have to choose from or any other person has to choose from, why do you say they are better? why understand is more coverage but who is the judge of what is better? surely the individual. let me go on. i and in america. i thought america was about individual freedom and liberty. it was my choice as an individual to choose what health care i want. you have taken that
the market economy. stuart: very typical. you want into your talking points in you have a loud voice, very insistent voice and won't stop. if i interrupt you i am. . >> i am the guests. stuart: i am root of i stop you from giving talking points to our viewers. we don't accept that. we don't accept pre-arranged talking points. we ask questions and ask our guests to answer them. you won't answer question no. one. >> i am answering about the vantage of the exchanges and what is...